Financial Development Sector News Today

RIYADH: The Saudi Central Bank has granted Creative Future for Digital Brokerage a license to carry out finance aggregation services in the Kingdom. The Saudi-based company will provide services through its platform that connects financing companies with clients based on credit obligation and solvency to offer them customized finance solutions. This is part of an initiative by

CAIRO: Riyadh-based fintech firm Raqamyah has received a license from the Saudi Central Bank, also known as SAMA, to offer its debt-based crowdlending solutions to small and medium enterprises. The license was granted after the company successfully passed testing its solutions within the SAMA’s regulatory sandbox, an experimental environment dedicated to innovative financial